fxplan

Gold : Pullback.

Gold has reached key monthly resistance at 1189 and fell on friday.

Gold broke above a key resistance at 1149.50, and reached key monthly resistance at 1189(at the 50% retracement), prices are weak for move lower heading into next week. The Long-term outlook remains constructive, looking for a pullback before stretching into new highs. 

Wait for “resistance become support” to confirm bullish continuation and buy signal. >>> Gold Strong bullish breakout
gold